Wall Street brokerages expect that Monro Muffler Brake, Inc. (NASDAQ:MNRO) will report sales of $292.93 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Monro Muffler Brake’s earnings. The highest sales estimate is $305.40 million and the lowest is $285.40 million. Monro Muffler Brake reported sales of $288.28 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The firm is expected to report its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Monro Muffler Brake will report full-year sales of $292.93 million for the current year, with estimates ranging from $1.12 billion to $1.15 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.21 billion per share, with estimates ranging from $1.19 billion to $1.25 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Monro Muffler Brake.

Monro Muffler Brake (NASDAQ:MNRO) last issued its quarterly earnings results on Tuesday, October 24th. The auto parts company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Monro Muffler Brake had a return on equity of 10.82% and a net margin of 5.66%. The business had revenue of $278.02 million for the quarter, compared to the consensus estimate of $277.06 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. Monro Muffler Brake’s revenue for the quarter was up 13.0% compared to the same quarter last year.

A number of research analysts have recently weighed in on MNRO shares. TheStreet downgraded Monro Muffler Brake from a “b-” rating to a “c+” rating in a report on Monday, November 13th. Oppenheimer set a $70.00 target price on Monro Muffler Brake and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Jefferies Group downgraded Monro Muffler Brake from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, BidaskClub upgraded Monro Muffler Brake from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $63.33.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. lifted its position in shares of Monro Muffler Brake by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,012 shares of the auto parts company’s stock worth $126,000 after buying an additional 452 shares during the last quarter. Capital Analysts LLC lifted its position in shares of Monro Muffler Brake by 18.5% in the second quarter. Capital Analysts LLC now owns 4,255 shares of the auto parts company’s stock worth $178,000 after buying an additional 665 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Monro Muffler Brake by 0.9% in the second quarter. Stephens Inc. AR now owns 4,899 shares of the auto parts company’s stock worth $205,000 after buying an additional 45 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Monro Muffler Brake by 29.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,708 shares of the auto parts company’s stock worth $238,000 after buying an additional 1,313 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Monro Muffler Brake by 48.9% in the second quarter. D.A. Davidson & CO. now owns 6,652 shares of the auto parts company’s stock worth $277,000 after buying an additional 2,184 shares during the last quarter.

Shares of Monro Muffler Brake (NASDAQ:MNRO) traded up $1.30 during mid-day trading on Wednesday, hitting $52.35. The stock had a trading volume of 815,282 shares, compared to its average volume of 278,133. Monro Muffler Brake has a twelve month low of $39.65 and a twelve month high of $61.10. The company has a quick ratio of 0.28, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1,760.00, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 1.87 and a beta of 0.67.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be paid a $0.18 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. This is an increase from Monro Muffler Brake’s previous quarterly dividend of $0.11. Monro Muffler Brake’s payout ratio is 38.71%.

COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Anticipate Monro Muffler Brake, Inc. (MNRO) Will Post Quarterly Sales of $292.93 Million” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/zacks-brokerages-anticipate-monro-muffler-brake-inc-mnro-will-post-quarterly-sales-of-292-93-million/1768660.html.

Monro Muffler Brake Company Profile

Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.

Get a free copy of the Zacks research report on Monro Muffler Brake (MNRO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Monro Muffler Brake (NASDAQ:MNRO)

Receive News & Ratings for Monro Muffler Brake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monro Muffler Brake and related companies with Analyst Ratings Network's FREE daily email newsletter.